BlackRock may soon join the race to launch XRP and Solana exchange-traded funds (ETFs), according to Nate Geraci, President of The ETF Store. In a recent tweet on X, he said, “I still fully expect BlackRock to file for spot sol & xrp ETFs.” To Garaci, it’s just a matter of time before the world’s largest asset manager files for these crypto ETFs.
BlackRock hasn’t said anything about these ETFs yet, but Geraci believes the company won’t just watch other firms lead the altcoin ETF boom. “As leader in both spot btc & eth ETFs, it would make *zero* sense to cede other top crypto asset ETF categories to competitors,” he said.
This new tweet adds up to his earlier predictions. In a previous report, Geraci pointed out that BlackRock already holds strong positions with its Bitcoin and Ethereum ETFs, and is likely to expand its reach. He also mentioned that the Grayscale Digital Large Cap Fund, which includes XRP, could be converted into a full ETF.
He noted that futures contracts, like the new CME-traded XRP futures, often come before spot ETF filings. These contracts are overseen by the CFTC and help build trust by offering regulated pricing. Geraci said XRP is now in a better spot legally, especially since Ripple’s case with the SEC is near settlement.
In earlier remarks from March 2025, Geraci said a filing from BlackRock or even Fidelity could happen shortly after Ripple’s legal case ends. He stressed that big firms would not want to fall behind in the altcoin ETF space.
Solana is also in the spotlight. Yesterday, Invesco and Galaxy Digital Asset Management filled for a Solana ETF in Delaware. Meanwhile, Bloomberg analyst Eric Balchunas has hinted at a possible “Altcoin ETF Summer,” suggesting Solana could be first in line. Analyst James Seyffart has also shown strong odds: 90% for Solana and 87% for XRP, according to Polymarket.
So far, BlackRock has stayed silent. The company is still focused on its iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA), which have performed well.
Moreover, last year, BlackRock’s ETF chief, Samara Cohen, said that only Bitcoin and Ethereum met their standards for liquidity and maturity. It’s unclear if this view has changed.
